Tutor Perini (TPC) Misses Q1 EPS by 4c; Affirms Outlook

Tutor Perini (NYSE: TPC) reported Q1 EPS of $0.27, $0.04 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.13 billion.

• New awards of $2.1 billion; the largest volume of quarterly new awards in nearly four years
• Backlog at $7.2 billion, with 54% of backlog now comprised of higher-margin Civil projects
• Affirming 2017 guidance: revenue in excess of $5.5 billion; diluted EPS of $2.10 to $2.40

For earnings history and earnings-related data on Tutor Perini (TPC) click here.

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